During the week ending September 29, metallurgical coke prices in the Chinese domestic market have mostly moved on a stable trend, though prices have decreased in Zibo and Huaibei, while transaction activity in the overall market has been at low-to-medium levels. As of September 29, coke futures contract (1801) offers at Dalian Commodity Exchange closed at RMB 1,945/mt ($292/mt), down $16/mt week on week. Average coke prices in the local Chinese market are presented in the following table.
During the given week, some coking plants have limited their production due to environmental protection inspections, resulting in a slight decrease in capacity utilization. Downstream users have mostly been maintaining a wait-and-see stance to gain a clearer picture of the future prospects for the coke market. Inventory levels of coking plants have increased slightly, but are still at low levels, which could provide some support for coke prices. However, coke futures prices have decreased, exerting negative pressure on coke prices in the spot market. It is thought that coke prices in the Chinese domestic market will edge down slightly in the coming week.
|
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Coke |
Second grade |
Hancheng, Shaanxi |
2,160 |
324 |
0 |
|
Zibo, Shandong |
2,210 |
332 |
↓40 |
||
|
Pingdingshan, Henan |
2,280 |
342 |
0 |
||
|
Tangshan |
2,290 |
344 |
0 |
||
|
Huaibei, Anhui |
2,200 |
330 |
↓40 |
||
|
Average |
2,228 |
335 |
↓16 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.66